The Social Security Rate For Companies in Lithuania stands at 1.77 percent.

Social Security Rate For Companies in Lithuania averaged 29.17 percent from 2004 until 2019, reaching an all time high of 31.18 percent in 2018 and a record low of 1.77 percent in 2019. This page provides - Lithuania Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Social Security Rate For Companies - values, historical data and charts - was last updated on June of 2020.

Social Security Rate For Companies in Lithuania is expected to reach 1.77 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Social Security Rate For Companies is projected to trend around 1.77 percent in 2021, according to our econometric models.

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In Lithuania, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Lithuania because they help to pay for many social programs including welfare, health care and many other benefits.